Eaton Vance AMT-Free Municipal Income I (EVMBX) Fund Overview
Educational signal · not a buy or sell recommendation · How to read this
Beta 1.20: the stock has moved about 20% more than the S&P 500.
For informational purposes only. Not financial advice. Machine-generated analysis by Stock Expert AI — model gemini-2.0-flash, generated Mar 17, 2026. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief. Data sources: Financial Modeling Prep, Yahoo Finance, SEC EDGAR
Quick AnswerEaton Vance AMT-Free Municipal Income I (EVMBX) trades at $8.19. Eaton Vance AMT-Free Municipal Income I is a closed-end management investment company focused on providing current income exempt from regular federal income tax. Sector: Financials.
Price as of · Last analyzed: Mar 17, 2026Analyst Coverage for EVMBX: EVMBX does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage.
Eaton Vance AMT-Free Municipal Income I (EVMBX) Financial Services Profile
Eaton Vance AMT-Free Municipal Income I focuses on delivering tax-exempt income through investments in municipal bonds. With a market capitalization of $0.18 billion and a beta of 1.20, the fund operates within the asset management sector, catering to investors seeking stable, tax-advantaged returns.
What Is the Investment Thesis for EVMBX?
Eaton Vance AMT-Free Municipal Income I presents a focused investment strategy targeting tax-exempt income through municipal bonds. With a market cap of $0.18 billion and a beta of 1.20, the fund's performance is closely tied to the municipal bond market's stability and interest rate movements. The fund's primary value driver is its ability to generate consistent, tax-advantaged income for investors, particularly those in higher tax brackets. A potential catalyst is the increasing demand for tax-efficient investment solutions amid evolving tax policies. However, potential risks include interest rate volatility, which could impact bond values, and credit risk associated with municipal issuers. The fund's success hinges on its active management and ability to navigate the complexities of the municipal bond market.
Based on FMP financials and quantitative analysis
EVMBX Key Highlights
The fund invests at least 80% of its net assets in municipal obligations, ensuring a focus on tax-exempt income.
- The fund primarily targets municipal obligations with maturities of ten years or more, seeking long-term stability.
- The fund's investment strategy aims to provide current income exempt from regular federal income tax, appealing to high-income investors.
- The fund's beta of 1.20 indicates a higher volatility compared to the broader market.
- The fund operates within the asset management industry, leveraging Eaton Vance's expertise in municipal bond markets.
Who Are EVMBX's Competitors?
EVMBX is benchmarked below against 6 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | MoonshotScore |
|---|---|---|---|---|
| DSMLX Touchstone Large Company Growth Fund Class Institutional | $24.91 | +3.28% | $61.2M | — |
| ECF Ellsworth Growth and Income Fund Ltd. | $11.85 | +0.94% | $162M | — |
| EPDIX EuroPac International Dividend Income Fund - Class I | $14.80 | +0.82% | $234M | — |
| EPDPX EuroPac International Dividend Income Fund - Class A | $14.93 | +0.81% | $234M | — |
| EPVIX EuroPac International Value Fund - Class I | $14.35 | +0.21% | $193M | — |
| EICA Eagle Point Income Company Inc. | $25.00 | +0.04% | $234M | 36 5-pillar |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are EVMBX's Key Strengths?
Focus on tax-exempt income.
- Expertise in municipal bond markets.
- Established track record.
- Eaton Vance's brand recognition.
What Are EVMBX's Weaknesses?
Sensitivity to interest rate changes.
- Credit risk associated with municipal issuers.
- Limited diversification compared to broader fixed-income funds.
- Dependence on Eaton Vance's investment management capabilities.
What Are the Key Risks for EVMBX?
Rising interest rates could negatively impact bond values.
- Credit risk associated with municipal issuers.
- Changes in tax laws could reduce the attractiveness of tax-exempt investments.
- Economic downturn affecting municipal issuers.
What Are EVMBX's Competitive Advantages?
- Expertise in municipal bond markets.
- Established track record of providing tax-exempt income.
- Eaton Vance's brand recognition and distribution network.
What Does EVMBX Do?
Eaton Vance AMT-Free Municipal Income I is a closed-end management investment company. The fund is designed to provide investors with current income that is exempt from regular federal income tax. The fund achieves this objective by investing primarily in municipal obligations, specifically those issued by or on behalf of states, territories, and possessions of the United States, including the District of Columbia, and their political subdivisions, agencies, or instrumentalities. These obligations are structured to provide interest income that is exempt from federal income tax, making them attractive to investors in higher tax brackets. The fund typically invests at least 80% of its net assets, plus any borrowings for investment purposes, in these types of municipal obligations. While the fund primarily focuses on municipal obligations with maturities of ten years or more, it retains the flexibility to invest in obligations with shorter maturities or those subject to shorter call provisions. This approach allows the fund to manage its portfolio in response to changing market conditions and interest rate environments, while still adhering to its core investment objective of providing tax-exempt income to its investors. Eaton Vance, the investment advisor for the fund, leverages its expertise in municipal bond markets to actively manage the fund's portfolio and identify attractive investment opportunities.
What Products and Services Does EVMBX Offer?
- Invests primarily in municipal obligations issued by states, territories, and possessions of the United States.
- Focuses on obligations that provide interest income exempt from regular federal income tax.
- Targets municipal obligations with maturities of ten years or more.
- Actively manages its portfolio to optimize returns and manage risk.
- Provides investors with current income that is tax-exempt.
- Offers a closed-end fund structure, allowing for a stable pool of assets.
How Does EVMBX Make Money?
- Generates income by investing in municipal bonds.
- Passes through tax-exempt interest income to its investors.
- Charges a management fee for its investment advisory services.
What Industry Does EVMBX Operate In?
Eaton Vance AMT-Free Municipal Income I operates within the asset management industry, specifically focusing on fixed-income investments in municipal bonds. The municipal bond market is influenced by factors such as interest rates, credit ratings of municipal issuers, and overall economic conditions. The industry is competitive, with numerous funds offering similar tax-exempt income strategies. The demand for municipal bonds is driven by investors seeking stable, tax-advantaged returns, particularly in high-tax states. The fund's performance is benchmarked against other municipal bond funds and is subject to regulatory oversight.
Who Are EVMBX's Key Customers?
- Individual investors seeking tax-exempt income.
- High-net-worth individuals in high tax brackets.
- Financial advisors seeking tax-advantaged investment solutions for their clients.
Research confidence
Thin evidence — scoring coverage unknown. Treat this as a starting point, not a conclusion.
- ● Scoring coverage unknown
- ● Price is current
- ● No filing on record
- ● No analyst coverage
- ● This is a fund, not an operating company
EVMBX Financials
Bull Case vs Bear Case
Bull Case
- Focus on tax-exempt income.
- Expertise in municipal bond markets.
- Established track record.
- Eaton Vance's brand recognition.
Bear Case
- Sensitivity to interest rate changes.
- Credit risk associated with municipal issuers.
- Limited diversification compared to broader fixed-income funds.
- Dependence on Eaton Vance's investment management capabilities.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
EVMBX Latest News
No recent news available for EVMBX.
EVMBX Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations collected by Financial Modeling Prep for EVMBX.
Price Targets
Wall Street price target analysis for EVMBX.
EVMBX MoonshotScore
MoonshotScore is Stock Expert AI's proprietary 0-100 research rating, not a buy or sell recommendation. No MoonshotScore is published for EVMBX; grades run from A+ (80-100) to F (below 30).
EVMBX Financials Stock FAQ
What are the main risks for EVMBX?
The main risks for Eaton Vance AMT-Free Municipal Income I include interest rate risk, which can negatively impact bond values if interest rates rise. Credit risk is also a concern, as the fund invests in municipal bonds, which are subject to the risk of default by the issuing municipalities.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
MoonshotScore is not published for this security.
Data provided for informational purposes only.
- The information provided is based on publicly available sources and is not intended to be investment advice.
- The fund's performance is subject to market conditions and investment risks.